CAPITAL MARKETS

Cobra Resources to acquire transport group

COBRA Resources announced today it plans to change its name to Freight 1 Australia after agreeing to acquire a Brisbane-based freight forwarding business of the same name.

Greg Tubby

The company's mining and exploration assets will be spun-off into a new vehicle, Cobra Exploration. The assets to be transferred comprise Cobra's nickel laterite projects in Queensland and Papua New...

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